Payouts on Jasmin.com are sent periodically, twice a month. You need to reach your Payout Limit in a period in order to receive payment on the payout date of that period. The Payout Limit can vary between $100 and $10,000. If you reach your Payout Limit in the first period of a month (1st – 15th), you will receive your payment by the 10th of the next month.
If you reach the Payout Limit in the second period of a month (16th – 31st), you will receive your payout by the 25th of the next month. If you do not reach the Payout Limit in a period, your earnings are rolled over to the next period until you reach your Payout Limit. The payout dates are always on the 10th and 25th of the following month, regardless of the payment method you choose. Basically, we send payments several days before the official payout dates to make sure everyone receives their funds in time.
Each month consists of two payment periods; the first period of a month lasts from the 1st until the 15th, while the second period of a month lasts from the 16th until the last day of the month.
The Payout Limit is the amount of earnings you need to collect before you can receive payment. Normally you are advised to choose the lowest payout limit ($100) to ensure that you will be paid frequently.
The payout date of the first period of a month is on the 10th of the next month, whilst the payout date of the second period of a month is on the 25th of the next month. You need to reach the payout limit in a period in order to get paid on the payout date. As we send payments several days before the official payout dates, you may receive the funds earlier than the above dates.
The Payment Method is the way we execute your earnings; it can be sent to a MasterCard card, by bank wire transfer, on a paper check or to a Webmoney account, each processed by 3rd party companies like ePayService.
We currently have four payment methods available on our website: ePayService, WebMoney and Regular paper check (only in the USA)
Firstchoice Pay is an e-Wallet based payout solution. By choosing this option, you will be paid on your Firstchoice Pay virtual account from where you can easily transfer funds to your Firstchoice Pay MasterCard® card.
Setting up a Firstchoice Pay account through Jasmin.com does not cost you anything. Jasmin.com covers the start-up costs, including the fee of the Firstchoice Pay Prepaid MasterCard® card.
If you choose the Firstchoice Pay prepaid MasterCard, you will receive your card in 10-30 business days after applying for it. Withdrawing money from a Firstchoice Pay account at an ATM costs $2.75 per transaction, while the monthly account maintenance fee is currently $2.00. The prepaid MasterCard® cards are issued through WireCard Bank (Germany) and have a daily ATM withdrawal limit of $2,500 and additional $2,500 for purchasing in stores. You can read more information on card activation and other Firstchoice Pay issues here.
You can read more about Firstchoice Pay here.
ePayService is an e-Wallet based payout solution. By choosing this option, you will be paid to your ePayService virtual account from where you can easily transfer funds to your ePayService MasterCard® card, to your local bank account, to your Webmoney account or you can issue a US paper check for yourself.
Setting up an ePayService virtual account does not cost you anything. ePayService will automatically ship you a new MasterCard card for free in 10-30 days.
If you choose to use the MasterCard option, after the first year, your card will have a yearly cost of $25. Withdrawing money from your MasterCard card at an ATM costs $1.50 per transaction. The cards are issued by Choice bank (Belize) and have a daily ATM withdrawal limit of $10,000.
If you choose the bank transfer option, you will be able to transfer funds from your virtual account to your local bank account. If your bank is in the United States, each deposit will cost $3. If your bank is located outside the United States, the international wire transfers will cost you $30.
If you choose to receive your funds from ePayService on a paper check, the shipment of the check will cost you $2.50 to the United States. These checks can be cashed in check cashing facilities as well as deposited into your bank account. If you do not receive the check on the payout date, it is advised to wait a couple of days since sometimes checks arrive to the address with a delay. In case you do not receive the check in reasonable time, you may ask to cancel the check which costs $20.
You can also ask ePayservice to transfer the funds to your Webmoney account. Your ePayservice account will be charged for $2 + 1% of the transferred amount for each Webmoney transfer.
You can read more about ePayservice here.
WebMoney Transfer is a global settlement system and environment for online business activities, established in 1998. Since then, over 30 million people have joined WebMoney , mainly from the eastern region of the world like Russia or Ukraine. Users of the system can register any number of WM purses and will be paid on these virtual accounts. The WebMoney unit (WM) is the unit in which the appropriate type of valuable is measured. As LiveJasmin sends payments in USD, a WMZ (USD), purse will be needed for receiving payments from us.
Setting up an WebMoney Virtual Account does not cost you anything. Receiving a payment to your WMZ (USD) purse from us will cost you 1% of the transaction amount. Once you set up your WMZ (USD) purse you will be able to keep track, spend and withdraw your WMZ funds in several ways.
As for spending your WMZ, WebMoney is accepted as a payment method by more than 100000 online businesses worldwide, WebMoney has a professional payment infrastructure built up mainly in the Eastern region of the world, which enables you to enjoy the benefits of WebMoney payments without withdrawing your funds. Typically, you can use your WMZ (USD) purse to pay at thousands of online stores and services globally, pay your mobile communications, public utilities, social systems, transport services, online entertainment or credit repayments. As a result, you will not face any fees of withdrawal.
As for withdrawing your funds, you can send them to any international VISA or MasterCard card you have in your possession or to your bank account in your area. Sending them to your own VISA or MasterCard card will take around 3 business days and cost 1% of the transaction amount, while depositing it to your bank account will take around 3 days and cost 1.5%.
You also can order a new prepaid card linked to your WebMoney account and access your funds by using this new prepaid card. WebMoney issues PaySpark card, PaySpark China UnionPay card and MyChoice VISA prepaid cards for WMZ users. The cost of the transfer to a service card is 1-2% of transaction amount and the payment goes through instantly.
Alternatively, you can exchange your WMZ units to cash at WebMoney exchange offices for a fee of minimum 1% per transaction instantly.
You can read more about WebMoney and withdrawal methods at here.
Regular paper check (only in the USA)
If you would rather not apply any of the 3rd party payment processors, an alternative solution is providing us with your physical address so that we will send your payment on a paper check to you. Please note that to send checks we still use 3rd party companies and also that this payment method may lengthen the payment delivery time.
Choosing paper check as your payout method does not entail additional costs in terms of ordering the check and mailing it to the address you previously provided. The standard checks we send can be cashed in check cashing facilities and deposited to bank accounts – while the courier checks can only be deposited into a bank account. If you deposit your check into a US bank account, there is no extra cost, but in any other case you may have to pay a small fee. Since it takes a couple of days for the checks to arrive, we mail them out approximately 10 days prior to the payout date. The checks are sent in a plain white envelope, there is no reference to the site or to the profile of the site. If you do not receive the check on the payout date, it is advised to wait a couple of days since sometimes checks arrive to the address with a slight delay. In case you choose not to wait or did not receive the check in reasonable time, you may ask to cancel the check which costs $20-$35 each and takes 5-10 days to process. Once the check is canceled the remaining amount will be sent to you via check or any other payout option you choose.
We use different payment processors for shipping US paper checks, such as MTACC Inc. The memo on the check is “Electronically Delivered Advertising Services”. Nothing refers to our website on the envelope.
Sender of payment
When you receive payment from us, the 3rd party company name will be indicated on your bank statement/check envelope as the sender of the funds. If the payment is sent through ePayService, the sender will be indicated as MTACC Inc. on your bank statements/check envelopes. The originator of these payments is the owner company of Jasmin.com, Duodecad IT Services Luxembourg S.à r.l.
When sending out payouts (whether to an e-Wallet or on a paper check) we use the following payment reference “Electronically Delivered Services”. There is no option to change this text. The reference for bank transfers made by 3rd party companies depends on the actual payment processor company.
Please note that Jasmin.com sends payouts in US dollars, therefore if you choose wire transfer as your payout method we recommend that you open a bank account in USD. This way you can avoid additional costs and unfavorable exchange rates.
Change of payout details
In order to change your current payment method please log in to your Studio account, go to Payout/Payout options, and use the “To change current payout provider click here” link at the bottom of the page.
Please make sure that you make/upload a brand new face+ID picture during the process.
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